This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $123k initial cash invested.
-5.59%
Cash On Cash
5.1%
Cap Rate
0.83
DSCR
$3,627
Rent
-$573
Cashflow
Cash Flow
$3,627 income − $4,200 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$99,920
Closing costs
1%
$4,996
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,627
Total Expenses
$4,200
Mortgage P&I
70%
$2,553
Property Taxes
6%
$234
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399